VanEck Digital India ETF (NYSEARCA:DGIN) Trading 0.6% Higher – Time to Buy?

VanEck Digital India ETF (NYSEARCA:DGIN) shares traded up 0.6% during mid-day trading on Thursday . The company traded as high as $37.42 and last traded at $37.38. 2,233 shares were traded during trading, a decline of 58% from the average session volume of 5,322 shares. The stock had previously closed at $37.17.

VanEck Digital India ETF Stock Down 0.6%

The stock has a 50 day moving average of $35.62 and a 200 day moving average of $34.77. The company has a market capitalization of $15.98 million, a price-to-earnings ratio of 40.34 and a beta of 0.69.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. boosted its stake in shares of VanEck Digital India ETF by 887.2% in the 2nd quarter. Osaic Holdings Inc. now owns 3,534 shares of the company’s stock valued at $156,000 after purchasing an additional 3,176 shares during the last quarter. Condor Capital Management raised its stake in VanEck Digital India ETF by 5.0% during the fourth quarter. Condor Capital Management now owns 7,918 shares of the company’s stock worth $324,000 after buying an additional 378 shares during the last quarter. Citadel Advisors LLC bought a new position in VanEck Digital India ETF during the third quarter worth $840,000. Finally, Jane Street Group LLC lifted its holdings in VanEck Digital India ETF by 344.6% in the first quarter. Jane Street Group LLC now owns 21,711 shares of the company’s stock valued at $847,000 after buying an additional 16,828 shares during the period.

VanEck Digital India ETF Company Profile

The VanEck Digital India ETF (DGIN) is an exchange-traded fund that is based on the MVIS Digital India index. The fund tracks a market cap-weighted index of Indian companies that are involved in the digitalization of India’s economy. DGIN was launched on Feb 15, 2022 and is managed by VanEck.